CONSOLIDATED FINANCIAL HIGHLIGHTS

April 30, 2008

Company code number:

3730( URL : http://www.macromill.com)
Tokyo Stock Exchange , 1st section
Yasunori Fukuha, Chairman
Yasuhiro Ogino, Executive officer of Accounting and Finance Department+81-3-6716-0700

Shares traded:Company Representative:
Contact for further Information:
Telephone:

1. Consolidated operating results ( July 1, 2007
2007 to March 31
31, 2008
2008 )(1) Consolidated financial results(In millions of yen, with fractional amounts discarded)(Percent figures show projected quarter-on-quarter change for previous year)Net sales(Millions of yen)

5,665
4,853
6,392

March 31, 2008
March 31, 2007
June 30, 2007％

(Millions of yen)

940
820
1,056

Ordinary income(Millions of yen)

16.7
25.3

1,754
1,525
1,969

Net income

March 31, 2008
March 31, 2007
June 30, 2007

Operating income(Millions of yen)

％

15.0
18.5

1,733
1,533
1,984％

13.0
17.9

Net income per share(Diluted)

Net income per share
％

(yen)

(yen)

14.5
2.8

7,313.95
6,459.32
8,293.19

7,312.18
6,381.01
8,220.60(2) Consolidated financial position
Total assets(Millions of yen)

Net assets(Millions of yen)

Equity ratio

Net assets per share
(yen)

％

March 31, 2008

7,091

5,647

73.7

40,546.54

March 31, 2007

6,011

4,732

72.9

34,115.82

June 30, 2007

6,330

4,992

73.0

35,953.11

Cash flows fromoperating activities

Cash flows frominvesting activities

Cash flows fromfinancing activities

equivalents , End of(Millions of yen)

(Millions of yen)

(Millions of yen)

(3) Consolidated cash flow position(Millions of yen)

Cash and cashyear

March 31, 2008

666

(1,042)

(314)

2,898

March 31, 2007

1,090

(243)

(284)

3,055

June 30, 2007

1,695(269)

(312)

3,613

-1-2.

Dividends(Record date)dividend per share
3rd quarter ended(Yen)

March 31, 2007
March 31, 20083.

-Forecasts for June
June 2008 term ( From July 1, 2007 to June
June 30, 2008)
2008)(Percent figures show projected year-on-year change for relevant period)
Net sales(Millions of yen)

Annual8,000

Operating income％ (Millions of yen)

25.1

2,200

Ordinary income％ (Millions of yen)

11.7

2,200Net income

Net income％ (Millions of yen)

10.9

1,200

per share％(Yen)

13.69,417.39

The consolidated earnings forecast, the fiscal year ending June 2008, remains unchanged from the forecast announced
on August 10, 2007.
4.

Others(1) Changes in major subsidiaries during the nine months period ended March 31, 2008.: None
(2) Application of simplified methods for accounting procedures: None
(3) Changes in accounting procedures since the previous consolidated fiscal year: None

※ Note with respect to financial forecast
The above forecasts ware based on information that was available as of the day of this announcement and on
assumptions made as of the same day regarding a number of uncertainties that could affect future financialperformance. Actual results could differ considerably depending on a variety of factors hereafter.

-2-Consolidated Balance Sheets
SheetsDescription(Thousands of yen)

As of March 31, 2007 As of March 31, 2008
Amount（Assets）
Assets）
Ⅰ Current assets
assets
1. Cash and deposits
2. Notes and accounts receivable
3. Securities

Ratio

Amount％Ratio

As of June 30, 2007
AmountRatio％％

3,055,135

1,899,512

2,613,347

1,397,204

1,777,593

1,204,635-998,839

999,825

4. Deferred tax assets

178,249

236,722

177,591

5. Others

93,301

133,266

80,712(2,132)(2,507)(2,938)

Allowance for doubtful accounts
Total current assets
Ⅱ Fixed assets
1. Tangible fixed assets
2. Intangible fixed assets(1) Software

4,721,759

78.5

5,043,427

71.1

5,073,173

80.1

205,738

3.4

221,6893.1

202,1443.2

451,431479,087

442,113(2) Goodwill

354,111245,154

329,483(3) Others

13,411

24,271

18,849Total intangible assets
3. Investments and other assets
Total fixed assets
Total assets（Liabilities）
Liabilities）
Ⅰ Current Liabilities
1. Accounts payable
2. Income taxes payable

818,954
264,765

13.7
4.4

748,513
1,077,718

10.6
15.2

790,446
264,406

1,289,458

21.5

2,047,920

28.9

1,256,998

19.9

6,011,217

100.0

7,091,348

100.0

6,330,172

100.0

398,775

416,947

290,540

381,761

393,578

536,591

3. Allowance for panelists-points

351,231464,162

329,491

4. Others

146,620

169,592

180,892

Total current liabilities

12.5
4.2

1,278,388

21.3

1,444,280

20.4

1,337,517

21.1

Total liabilities（Net assets）
assets）
Ⅰ Shareholders’ equity

1,278,388

21.3

1,444,280

20.4

1,337,517

21.1

1. Common stock
2. Capital surplus

928,436
963,35915.5
16.0

930,358
963,89913.1
13.6

928,616
963,539

14.7
15.2

3. Retained earnings

2,489,697

41.4

3,331,642

47.0

2,725,538

43.1

4,381,494

72.9

5,225,900

73.7

4,617,695

73.0

-

-

(4,512)

(0.1)

----

(7,670)

(0.1)

409

0.0

-

-

(12,182)

(0.2)

409

0.0

7,578
343,7550.1
5.7

25,767
407,582

0.4
5.7

12,125362,423

0.2
5.7

Total net assets

4,732,829

78.7

5,647,068

79.6

4,992,654

78.9

Total liabilities and net assets

6,011,217

100.0

7,091,348

100.0

6,330,172

100.0

Total shareholders’ equity
Ⅱ Valuation and translation
adjustments
1. Valuation difference on
available-for-sale securities
2. Translation adjustments
Total Valuation andtranslation adjustments
Ⅲ Stock acquisition rights
Ⅳ Minority interests-3-Consolidated Statements
Statements of Income
Description(Thousands of yen)

As of March 31, 2007
AmountRatio

4,853,358

As of March 31, 2008

As of June 30, 2007

AmountRatio

Amount

Ratio

100.0

5,665,771

100.0

6,392,988

100.0

2,028,365

41.8

2,824,992

58.2

2,475,399

44.0

2,765,656

43.3

3,170,372

56.0

3,627,331

56.7

1,299,567

26.8

1,416,088

25.0

1,657,831

25.9

Operating income
Ⅳ Non
Non--operating income
Ⅴ NonNon-operating expenses

1,525,425
12,60131.4
0.3

1,754,283
24,70131.0
0.4

1,969,500
21,424

30.8
0.3

4,395

0.1

45,225

0.8

6,307

0.1

Ordinary income
Ⅵ Extraordinary losses

1,533,631
3,160

31.6
0.1

1,733,759
8,636

30.6
0.2

1,984,616
7,186

31.0
0.1

1,530,471

31.5

1,725,123

30.4

1,977,430

30.9

Income taxes – current
Income taxes – deferred

661,296
3,458

13.6
0.1

787,823(57,085)

13.9
(1.0)

855,281
4,988

13.3
0.1

Minority interests in net income

44,8080.9

54,1510.9

60,410

1.0

Net income

820,90816.9

940,233

16.6

1,056,749

16.5％

Ⅰ Net Sales
Ⅱ Cost of sales
Gross profit
Ⅲ Selling, general andadministrative expenses

Income before income taxes
and minority interests-4-％％Consolidated Statements of Changes
Changes in Shareholders’ Equity
Nine months ended March 31, 2007
2007

(Thousands of yen)
Shareholders’ equity

Stockacquisition
Total
rightsshareholders’equityMinority
interests

Total net
assets298,947

4,175,422

Commonstock

CapitalsurplusRetainedearnings

897,381956,301

2,022,792

3,876,475

31,055

7,058

38,113

38,113

Dividends(354,003)(354,003)(354,003)

Net income

820,908

820,908

820,908

March 31, 2007
Balance as of June 30, 2006-

Changes during the term
Issuance of new share

Change in items other thanshareholders’ equity

7,578

44,80852,387

Total changes during the term

31,055

7,058

466,905

505,019

7,578

44,808557,406

Balance as of March 31, 2007

928,436

963,359

2,489,697

4,381,494

7,578

343,755

4,732,829

Nine months ended March 31, 2008
2008

(Thousands of yen)
Valuation
andtranslation adjustments

Shareholders’ equity

Commonstock

CapitalsurplusRetainedearnings

March 31, 2008
Balance as of June 30, 2007

928,616

963,539

1,741360

Stock
TotalValuationacquisition
Total
rightsdifference Translation valuation
shareholders’ on availableandadjustments
equityfor-saletranslation
securities
adjustments
-409

409

12,125

Minority
interests

Total net
assets362,423

4,992,654

2,725,538

4,617,695

2,101

2,101

Dividends(334,130)(334,130)(334,130)

Net income

940,233

940,233

940,233

Changes during the term
Issuance of new share

Change in items other thanshareholders’ equity(4,512)(8,080)(12,592)

13,64145,15946,208

Total changes
during the term

1,741

360

606,103608,204(4,512)(8,080)(12,592)

13,64145,159654,413

Balance as ofMarch 31, 2008

930,358

963,899

3,331,642

5,225,900(4,512)(7,670)(12,182)

25,767

407,582

5,647,068

A year ended June 30, 2007

(Thousands of yen)
Valuation
andtranslation
adjustments

Shareholders’ equity

June,30 2007

Commonstock

CapitalsurplusRetainedearnings

Balance as of June 30, 2006

897,381956,301

2,022,792

31,235

7,238

Total
translation
shareholders’adjustments
equity3,876,475-StockacquisitionrightsMinority
interests

Total net
assets-298,947

4,175,422

Changes during the term
Issuance of new share

38,47338,473

Dividends(354,003)(354,003)(354,003)

Net income

1,056,749

1,056,749

1,056,749

Change in items other thanshareholders’ equity

409

12,12563,47576,011

Total changes during the term

31,235

7,238

702,746

741,220409

12,12563,475817,232

Balance as of June 30, 2007

928,616

963,5392,725,538

4,617,695

409

12,125362,423

4,992,654-5-Consolidated statements
statements of cash flow

(Thousands of yen)

Description

As of March 31,2007

As of March 31,
2008

As of June 30,
2006

AmountAmountAmountⅠ Operating activities
Income before income taxes and minority interests

1,530,471

1,725,123

1,977,430

Depreciation

123,691

153,253

170,986

Amortization of goodwill
Increase in allowance for panelists-points

81,71883,077

81,718
134,670

109,094
61,338-(22,608)(7,037)

Interest income and interest income on securities
Loss on retirement of fixed assets

3,160

-

7,186

Increase in accounts receivable(291,075)(558,687)(98,119)

Increase in accounts payable

98,593

99,37819,081

Increase (decrease) in consumption tax payable

34,630(18,277)

44,882OthersSubtotalInterest income received
Interest expenses paid
Taxes paid
Net cash provided by operating activities
Ⅱ Investing activities
Payments for purchases of tangible fixed assets

4,044

(69)

26,9101,668,311
896

1,594,500
7,156

2,311,754
6,149

-

(683)

-

(578,999)(934,338)(622,561)

1,090,208

666,634

1,695,342(56,421)(88,738)(57,852)

Payments for purchases of software(129,181)(134,139)(153,989)

Payments for purchases of investment securities
Payments for deposit-(818,179)(3,773)(67,204)(2,008)(69,279)

Others

9,256

624

15,403(243,550)(1,042,441)(269,490)

Increase in short-term loans payable-

800,000-

Decrease in short-term loans payable-(800,000)-

Net cash used in investing activities
Ⅲ Financing activities(322,612)(316,838)(350,381)

Proceeds from issuance of new share

37,8701,995

38,214

Net cash used in financing activities(284,741)(314,842)(312,167)

7,828(24,172)

14,096

Cash dividends paid

Ⅳ Effect of exchange rate changes
changes on cash and cash equivalents
Ⅴ Net increase in cash and cash equivalents
Ⅵ Cash and cash equivalents , Beginning
EndingⅦ Cash and cash equivalents , End
ing

-6-

569,744(714,821)

1,127,781

2,485,391

3,613,173

2,485,391

3,055,135

2,898,351

3,613,173

Supplementary Information
Information
Description(Thousands of yen)

As of March 31, 2007 As of March 31, 2008
AmountRatio

Amount％Automatic research

Ratio

June 30, 2007
Amount％Ratio％

2,869,988

59.1

3,369,105

59.5

3,783,060

59.2

Tabulation

207,064

4.3

279,5324.9

285,579

4.5

Analysis

350,693

7.2

486,966

8.6

475,312

7.4

Customized research

526,75610.9

487,6288.6

659,051

10.3

Global research

603,423

12.4

742,989

13.1

799,432

12.5

Mobile research

47,123

1.0

59,8301.1

61,601

1.0

Other248,3095.1

239,718

4.2

328,950

5.1

Total

4,853,358

100.0

5,665,771

100.0

6,392,988

100.0-7-NonNon-Consolidated Balance sheets
Description(Thousands of yen)

As of March 31, 2007 As of March 31, 2008
AmountRatio（Assets）
Assets）
Ⅰ Current assets
1. Cash and deposits
2. Notes
3. Accounts receivable
4. Securities

Amount％Ratio

June 30, 2007
Amount％％2,513,940

1,257,248

2,049,789

36,274

16,474

44,117

1,131,204

1,538,705

980,544-998,839

999,825

5. Prepaid Expenses

63,04062,38855,213

6. Deferred tax assets
7. Others

174,089
5,501

225,253
39,616

175,682
3,109(2,132)(1,792)(1,601)

Allowance for doubtful accounts
Total current assets
Ⅱ Fixed assets
1. Tangible fixed assets(1) Buildings(2) Furniture and fixtures(3) Construction in progress
Total tangible assets
2. Intangible fixed assets(1) Software(2) Software in progress(3) Others
Total intangible assets
3. Investments and other assets

3,921,918

71.1

4,136,734

62.9

4,306,679

39,94541,324

47,124

137,344

147,364

125,930

5,190
182,480

1,045
3.3

189,734

176,017402,704

366,620

3,637
233

17,755
183

10,833220

7.0

420,6446.4

377,674(1) Investment securities

78,096873,433

78,306(2) Stock of affiliated company(3) Deposit and guarantee

811,250
136,877

811,250
136,877

811,250
136,877

2,601

5,034

2,320(4) Deferred tax assets
Total investments and other assets
Total fixed assets
Total assets

73.1

2,962
2.9

380,810384,680

Ratio

3.0

6.4

1,028,825

18.6

1,826,595

27.8

1,028,753

17.5

1,595,987
5,517,905

28.9
100.0

2,436,974
6,573,708

37.1
100.0

1,582,445
5,889,125

26.9
100.0

-8-Description

As of March 31, 2007 As of March 31, 2008
AmountRatio

AmountRatio

June 30, 2007
Amount

Ratio（Liabilities）
Liabilities）
Ⅰ Current Liabilities1. Accounts payable
2. Accrued expenses

283,532
24,200396,938
13,068245,852
19,288

3. Income taxes payable
4. Consumption tax payable

343,538
67,552

324,332
54,470522,255
78,4695. Allowance for panelists-points
6. Others

351,231
46,495448,347
58,424329,491
44,477

Total current
current liabilities
Total liabilities（Net assetsassets））
Ⅰ Shareholders’ equity
1. Common stock

1,116,550

20.2

1,295,582

19.7

1,239,835

21.1

1,116,550

20.2

1,295,582

19.7

1,239,835

21.1

928,43616.8

930,358

14.2

928,616

15.8

2. Capital surplus(1) Legal capital surplus

963,359

Total capital surplus

963,359

963,89917.5

963,899

963,53914.7

963,539

16.3

3. Retained earnings(1) Other retained earnings
Retained earnings brought forward

2,501,979

3,362,613

2,745,007

Total retained earnings

2,501,979

45.3

3,362,613

51.1

2,745,007

46.6

Total shareholders’ equity
Ⅱ Valuation and translation
adjustments
1. Valuation difference
on available-for-sale securities
Total valuation and translation
adjustmentsⅡ Stock acquisition rights

4,393,776

79.6

5,256,871

80.0

4,637,164

78.7

-

-

(4,512)

(0.1)

----

(4,512)

(0.1)

--

7,578

0.2

25,7670.4

12,125

0.2

Total net assets

4,401,355

79.8

5,278,126

80.3

4,649,290

78.9

Total liabilities and net
net assets

5,517,905

100.0

6,573,708

100.0

5,889,125

100.0-9-

NonNon-Consolidated Statements
Statements of income
Description(Thousands of yen)

As of March 31, 2007 As of March 31, 2008
AmountRatio

Amount％Ratio

June 30, 2007
Amount％Ratio％

Ⅰ Net Sales
Ⅱ Cost of sales

4,141,906

100.0

4,834,663

100.0

5,434,767

100.0

1,726,407

41.7

2,089,320

43.2

2,263,121

41.6

Gross profit
Ⅲ Selling, general andadministrative expenses
Operating Income
Ⅳ Non
Non--operating income
Non--operating expenses
Ⅴ Non

2,415,498

58.3

2,745,343

56.8

3,171,646

58.4

980,65023.7

1,149,710

23.8

1,318,313

24.3

1,434,848
5,663

34.6
0.2

1,595,632
23,17733.0
0.5

1,853,333
9,423

34.1
0.2

4,123

0.1

5,139

0.1

5,520

0.1

1,436,388
61234.7
0.0

1,613,670
-

33.4
-

1,857,236
4,459

34.2
0.1

1,435,775

34.7

1,613,670

33.4

1,852,776

34.1

Income taxes – current
Income taxes – deferred

623,663(32,527)

15.1
(0.8)

711,122(49,188)

14.7
(1.0)

798,949(33,839)

14.7
(0.6)

Net income

844,63920.4

951,73619.7

1,087,666

20.0

Ordinary income
Ⅵ Extraordinary losses
Income before income taxes- 10 -